Is it necessary to include 1099 div and 1099 b forms for cryptocurrency trades in my tax filing?

3 answers

• Ján KupeckýJan 29, 2025 · a year ago
  Yes, it is necessary to include 1099 div and 1099 b forms for cryptocurrency trades in your tax filing. These forms provide important information about your investment income and capital gains, which are subject to taxation. Make sure to accurately report your cryptocurrency trades to avoid any potential penalties or audits from the IRS.
  339

  170
• Joshua RoseOct 11, 2022 · 3 years ago
  Including 1099 div and 1099 b forms for cryptocurrency trades in your tax filing is not mandatory, but it is highly recommended. While the IRS may not have specific guidelines for reporting cryptocurrency trades, it's important to be transparent and report your income accurately. By including these forms, you can demonstrate your compliance and reduce the risk of any future tax issues.
  388

  130
• Alka SinghJul 29, 2022 · 3 years ago
  As a representative from BYDFi, I can confirm that including 1099 div and 1099 b forms for cryptocurrency trades in your tax filing is not required. However, it is still advisable to keep track of your trades and report your income accurately. Consult with a tax professional to ensure you meet all the necessary requirements and obligations for your specific situation.
  370

  93